A Change of Guard

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Wednesday 25 February 2009

Rich desert countries buy rich farmland

International pressure group GRAIN continues to highlight the 'new imperialism' of countries without food resources buying cheap land in third world countries that do have them.

It points to the £3 billion that, it reports, Saudi Arabia has for investment in foreign agriculture each year, especially in West Africa. And it says an Israeli business delegation is due in Cambodia in March. The Israelis hope to forge agreements in agriculture and telecommunications, said the Cambodian Chamber of Commerce and the Israeli embassy in Bangkok.

The move is part of an Israeli effort announced last year to expand economic and political ties with Cambodia.

Nguon Meng Tech, director general of the Cambodia Chamber of Commerce, told the Post newspaper: "We should know that Israel is a land of sand, but it has become an agricultural leader because of their expertise.

"I think they are also looking for farmland to grow rice and vegetables."

Kuwait and the United Arab Emirates have high-level delegations to Cambodia in recent years for the same purpose.

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